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November 15, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Weston, Business Loans > Colonial Bank Weston Business Loans > Grocery Stores Loan | ||||
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Examples of Hypoluxo SBA Loans
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Raising Money for Gasoline Stations with Convenience StoresLooking for business loans for gasoline stations with convenience stores? Try the SBA. This $115,000 gasoline stations with convenience stores loan was issued by a Florida bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Hypoluxo, Florida was able to borrow $115,000 from Colonial Bank. The SBA made the loan possible by guaranteeing $97,750 of this Florida small business loan. SBA Loan Borrower COMPANY TYPE: GROCERY STORES SBA Loan Lender COLONIAL BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5411 - Grocery Stores NAICS Code 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 8/9/2001 Loan Approval Gross Amount $115,000 Loan Approval from the SBA Of the total $115,000 loan amount, the SBA guaranteed $97,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $115,000 loan. Remember, things become real when you believe you can achieve them! About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links:
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